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Saudis plan 1st renewables bids with world's lowest power cost

BY WAEL MAHDI, BLOOMBERG

Published
03.02.17 at 13:25

Saudi Arabia will award its first tender to build 700 megawatts of solar and wind energy in September, with the cost of power forecast to be the lowest in the world, Energy Minister Khalid Al-Falih said.

A crack was discovered on the Forties Pipeline System in Scotland, while an explosion cost one fatality and injured at least 18 people at a gas plant in Austria. Repairs and concerns about dangerous incidents will only become more common in Europe's oil and gas infrastructure.